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need advise .have a 5 room hdb, remaining 15k loan
this is co-own by son and parents, 3 person bought at $350k
now , we want to sell this house(lowest value $750k) and buy 2 cheaper flat


problems :

parents has low cpf cannot meet minimum sum etc($5k) - 70 years old - paid $200k for hdb

son - cpf $5k inside finance about $150k so far, left $15k loan


want :

buy 2 cheap flat - without having to topup cash, and hopefully get cash

parents able to buy with cpf? minimum/retirement sum after sales.. go where?



help help please
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6 Answers

Dear sir/mdm,

It will be very helpful to find out the amount of CPF utilised with accrued interest for the flat for all parties in order to find out the final numbers for the individuals in order to determine if there is suitable solutions to your plan.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at 81577565  .

I look very much to hear from you soon.

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Regards,

Geryl LIM
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www.geryllim.com
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Hi,

This will require an exact succinct financial calculations with timeline established. This will aid your understand. It’s very hard to chart out a vague answer here which won’t be of much use to you. Best to illustrate the feasibility of the plans with exact financial calculations and assistance step by step.
Let's speak further at 96659926  to discuss more comprehensively on the crux of your requirements & expectations- to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase after understanding your finances succinctly, so as to explore the possible options accordingly at no obligation.

If you are comfortable with my working style, I am more than glad and confident to work for your interest to to guide to you to your ideal property. Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7/8

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2018
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2018 Read More
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Dear Sir/Mdm,

I would like to assist you. For your case, these are the following considerations:

1) It does not matter that your parents are unable to fulfill the minimum sum. For the next HDB, they will not be able to take loan because of their age and therefore, they will have to use the cash proceed for the sale to finance the purchase.

2) For your case, you will be able to take a loan and therefore your cash outlay will be minimal.

As to how much cash you can take back after the purchase of the 2 flats, I will need to do a detailed calculation for you before I can advise.

I have assisted clients in similar situations before. Please feel free to contact me so that I can understand your situation better and provide you with further assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

Testimonial from Satisfied Clients

“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
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Hi,

I can assist in your financial calculation so that you can do your forward planning. Drop me a message @ 8118 4108 

Regards,
Nicholas
OrangeTee Read More
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Robbie Chen Chee Howe
Hi,

With limited information, I am unable to work out the financial plan for you and your parents. I will need more figures from you, before I can give you a more appropriate recommendation.

I am experienced and well-versed in HDB resale transactions. My area of focus is in Central/Queenstown/Bukit Merah/West region, and I am blessed to have transacted several record-breaking "million-dollar" HDB flats over the past 1-2 years, with many others in the $900k+ range.

I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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